I) According to the theory of constraints, which of the following financial measurements can be used to measure the firm's ability to make money?
• Operating expenses
• Dividends
• Sales
• Return on investment
II) Deming's PDCA (plan, do, check, and act) cycle underlies what inherent Six Sigma principle?
• Continuous improvement
• Control charting
• Standard deviation
• Project management
III) Which of the following is usually included as an inventory holding cost?
• Order placing
• Quantity discounts
• Breakage
• Typing up an order
IV) Which production process term best describes the situation when activities in a stage of production must stop because there is no work?
• Blocking
• Starving
• Staging
• Buffering
V) In a Gantt chart the vertical axis represents which of the following?
• Time
• Revenue
• Tasks
• Cost